This legislation provides the framework for regulating and controlling the subdivision of land within the state. It mandates specific procedures and requirements for dividing a parcel of land into multiple lots for sale, lease, or financing. A practical illustration is a developer intending to construct a new residential neighborhood. The law necessitates the preparation and approval of a map detailing the proposed lots, streets, utilities, and other essential infrastructure before any construction or sales can proceed.
Its significance stems from its role in ensuring orderly community development, protecting the environment, and providing clear property ownership. It offers crucial benefits such as standardized development practices, environmental protection through mandated reviews, and consumer protection by requiring accurate property disclosures. Historically, the legislation arose from a need to address unregulated land speculation and the associated problems of inadequate infrastructure and unclear property rights, aiming to promote responsible and sustainable growth.